Storage heaters payback time

QrizB

nabznab1 said:

markin said:

When i last worked it out for someone last year, the break even was around 2-3 years.

The 67% Rise you quoted is for dual fuel, Electric is a far bigger rise.

So does that mean the eco 7 fixed tariff I’ve quoted is def worth considering as it’s difference between the variable rate is well below 67%? Also if it the break even was 2-3 years a year ago, am I to assume it’ll be much longer now with increasing electricity cost?

Yes, it looks OK. Which supplier is it with?

https://www.greenenergyuk.com are quoting me 43.25p day / 26.13p night for 12 months (the rates for your region may be slightly different). If you use more night electricity than day, this could be a better choice with slightly faster break-even - about 6500kWh at those prices.

nabznab1

QrizB said:

nabznab1 said:

markin said:

When i last worked it out for someone last year, the break even was around 2-3 years.

The 67% Rise you quoted is for dual fuel, Electric is a far bigger rise.

So does that mean the eco 7 fixed tariff I’ve quoted is def worth considering as it’s difference between the variable rate is well below 67%? Also if it the break even was 2-3 years a year ago, am I to assume it’ll be much longer now with increasing electricity cost?

Yes, it looks OK. Which supplier is it with?

 are quoting me 43.25p day / 26.13p night for 12 months (the rates for your region may be slightly different). If you use more night electricity than day, this could be a better choice with slightly faster break-even - about 6500kWh at those prices.

That is very decent. My quote is from Ovo. Thanks

nabznab1

markin said:

I think that is a good fix, wait for others to comment on it though.

If you get the total meter reads for day/night and the date on the meter you can work out the historic use, You want night to be at least 30%, The hot water alone may not be worth it if you were to rewire the heaters to use them in the day.

Ah I see. Yes will try get the metre reads.  Thanks for the advice. 

markin

This thread my be of interest https://forums.moneysavingexpert.com/discussion/6371592/economy-7-night-store-heaters-and-the-price-cap/

nabznab1

QrizB said:

nabznab1 said:

markin said:

When i last worked it out for someone last year, the break even was around 2-3 years.

The 67% Rise you quoted is for dual fuel, Electric is a far bigger rise.

So does that mean the eco 7 fixed tariff I’ve quoted is def worth considering as it’s difference between the variable rate is well below 67%? Also if it the break even was 2-3 years a year ago, am I to assume it’ll be much longer now with increasing electricity cost?

Yes, it looks OK. Which supplier is it with?

www.greenenergyuk are quoting me 43.25p day / 26.13p night for 12 months (the rates for your region may be slightly different). If you use more night electricity than day, this could be a better choice with slightly faster break-even - about 6500kWh at those prices.

I’ve just had a look into this. I might go on this fix. How have you found them?

nabznab1

 If you use more night electricity than day, this could be a better choice with slightly faster break-even - about 6500kWh at those prices.

Sorry this may sound stupid but I’m trying to understand this. Would you mind explaining this break-even concept in the context of those prices?

EssexHebridean

What type of heaters are you looking at? Do make sure that they are the new high heat retention type rather than the old Box Of Bricks sort. 

nabznab1

EssexHebridean said:

What type of heaters are you looking at? Do make sure that they are the new high heat retention type rather than the old Box Of Bricks sort. 

I think the 3.4kw combo is a Newlec model NLCH24N and the other is a creda single. 

Not sure if this helps. Can’t find any information on whether they have the old style bricks or modern heat retention system. 

littleteapot

nabznab1 said:

EssexHebridean said:

What type of heaters are you looking at? Do make sure that they are the new high heat retention type rather than the old Box Of Bricks sort. 

I think the 3.4kw combo is a Newlec model NLCH24N and the other is a creda single. 

Not sure if this helps. Can’t find any information on whether they have the old style bricks or modern heat retention system. 

All storage heaters are essentially 'boxes of bricks', even the latest high heat retention ones. The only differences between traditional and HHR storage heaters are the thickness of insulation, electronic temperature control, fan assistance, and often a peak-rate top-up element.

I fitted a couple of Elnur ECOHHR units a couple of years ago and they did come with a big pile of bricks!

EssexHebridean

nabznab1 said:

EssexHebridean said:

What type of heaters are you looking at? Do make sure that they are the new high heat retention type rather than the old Box Of Bricks sort. 

I think the 3.4kw combo is a Newlec model NLCH24N and the other is a creda single. 

Not sure if this helps. Can’t find any information on whether they have the old style bricks or modern heat retention system. 

They all have bricks - it's a fundamental part of the way they work, BUT in newer ones the bricks are often better insulated, meaning they "leak" less heat at inconvenient ties, like the middle of the night or throughout the day when you're out, leaving more "usable" stored heat for when it's required. Quantum is an example of a HHR model - and as the poster above has said about the ones they installed they come with a lot more controllability. Having had both types, I categorically would NOT fit any now that were not HHR models - it's a whole world of difference and they are far more cost effective to run.  

It's time for some research - ultimately if you are going to use storage heaters you need to REALLY understand how they work, and how much interaction they need. the more you know about them, the better armed you are to keep your home warm and your costs lower.